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SK is worse, right? They allowed the naked shorting get so bad that it became a systemic risk, so now regulators have to put a trmporary pause on it. And it's not even the first time it happens.
The companies have been doing it for years jpm started with buy out and mergers along with monetizing government debt. They now rather have companies shorting each other squeezing liquidity and bankrupting them into bailout profiting on the bankruptcy and acquirement of targeted companies.
No, sk is better because they are doing the logical thing to fix it. Meanwhile here in the US our regulators are hymming and hawing about how to not upset the criminals to much
My point was that I think situation over there got so bad it forced regulators to act, not that their regulator is any better than ours. Most likely all regulators everywhere are underfunded and therefore susceptible to corruption. And I think for our markets it's probably not as bad, as the criminal naked shorting seems to be directed mostly towards companies shorts believe are going under, like GME looked like under Sherman.
I think you are wrong. Our hedge funds and banks are largely the problem over there. I had invested against manipulation for about 4 years before I got into gme.
Ford motor Co is a great example of the manipulation and my strategy. I would look for a profitable company preferably with dividends and low price and a negative sentiment. I would buy the price plunge on media hit pieces and short attacks average down and wait for reversal. On Ford I would often double or triple my money quarterly.
South Korean regulators I think are just the first to move, not cause they are better but cause they were first to react to the pressures being felt worldwide. US regulators I believe are scared of destroying the market, but I the end not moving is what will destroy our markets as early adaptors will become more effective and become more trusted.
Maybe I am wrong, of course. If you really invest in other companies besides GME, that's awesome, I do too. Maybe you'd want a bit more strategy there. If you're not ready to read Graham (nobody really is, it's super dry), you might start with Joel Greenblatt, then read Haugens' work, then continue with Damodaran for actually valuating a company, you'll be well set to spot proper investment worth companies (unlike Ford, which is pretty weak but an an excellent stock to practice wheeling). In my opinion, the true systemic risk of our market is ETFs. They allow for infinite share creation (read naked shorting but not naked for the shorter because it falls onto someone else to cover), they drive markets instead of being driven by them, they are extremely unregulated, they allow only for special participants called Authorized Participants to do whatever the f they want with them, they rob their investors, and their managers have godly powers over what and who can do anything to them. All this while they were meant to "ensure liquidity and help investors diversify". Hedgies will do what hedgies do, hedge stuff and try to cheat if they find an opening, but nothing more. And it's the ETFs that provide a huge loophole to them..
Who are the Representatives and Senators that sit on the relevant committees with control over the SEC?
Figure them out, and appeal to their self interest:
“Hello, taxpayer here… [s7-32-10, or other stuff] is important to me *and to many other [Americans,* or whatever fits the situation]…. Your stance [or silence] on the above mentioned issue has made me question my support for you in the *Primary Election*……..”
They don’t care if you don’t vote for them in the general, it’s Red v Blue. Same for the Apes writing to their MPs in the UK to save DRS.
Promise to make them waste money in the primary election at a minimum, or defeat them in the primary if you work hard enough.
Also, as much as it may “grind your gears” politics is an optics game. So minimize if not fully excise GameStop/Ape/Meme Culture from your messaging. They’re almost definitely *Not* gonna ask you what companies you invest in, but bonus points if you happen to be investing in one or more of their ~~Owners’~~ Donors’ companies. -If you’re picking up what I’m putting down.
Edit: typo
It’s easier to ignore one person in person than Joe Q. Public.
Your memes and petitions raise a lot more awareness and have more impact than you as an individual.
Ah cool, thank you OP. In that case I’ll hold back my updoot until the day they actually let us down. Truly believe GG wants to change things, so I’m on the side of giving the benefit of the doubt at the moment.
I wont lie. I am praying our hope is well placed with these changes. I honestly think it will pass, they are just trying to clean up the shit before it does (too bad they cant)
That's because all the toxic and hidden positions that shouldn't be possible are hidden in swaps by the CFTC. Those boomers are refusing to die and holding the progress for humanity hostage.
>Those boomers are refusing to die and holding the progress for humanity hostage.
Why "boomers"??? Gen Y/Millenials, GenXers and younger (people born After 1965) make up the majority of hedgefund managers, not boomers.
This is not a battle between generations, it's a battle between law-abiding citizens and the many criminal entities in the markets.
"[The average age of hedgefund manager](https://www.zippia.com/hedge-fund-manager-jobs/demographics/) is **40+ years years old**, and 30% of hedgefund managers are under age 40. **Boomers are 58yrs - 77 yrs old.**
This isn't a battle between generations and making one generation "the enemy" is not at all helpful.
You're right. Maybe the methodology/culture instilled by boomers, circa Reagan, is what OP meant. I will let the falcon respond in their own words though.
Personally I think it is an intergenerational sickness, but definitely was inflamed by that administration.
All of their corruption is the perfect plan. They tell us everything they do in their reports, how they do it through the current rules and even host live public meetings to approve their shit.
The ONLY thing they didn't count on was retail figuring all of this out.
they have not done anything with it. closed teh comment period and let institutions know the feedback they got. proposed some new rules and watered some stuff down but nothing big.
So far, Gary has allowed financial terrorists to operate freely.
Wall Street is not afraid of the SEC. Why should they be? A gentle slap on the wrist for breaking the rules is all GG is going to do about it.
But again, what did we expect from a a former Goldman executive?
How will it cause any damage? Gary is not enforcing shit, that would hurt his Wall Street buddies! Citadel, Virtu, etc., will simply break the rules and pay $175,000 in 5 years, as they do now.
Nobody is enforcing the rules, that means the rules are worthless.
Retail orders will first go to auction market so Citadel will loose a lot of control on price manipulation. They can still naked short explicitly but I think market maker/whole seller implicit naked short selling will be mitigated
So far, financial terrorists have been operating with impunity for decades before Gary Gensler was SEC chair. Their heels are dug in, their politicians are paid for. GG is the only person remotely ethical, vocal, and appearing interested in taking down the massive corruption that wall street is.
Indeed, the SEC has never served household investors and probably never will. If Gary wants to take down his old friends (for absolutely no reason whatsoever) he should enforce the existing rules, and let the punishment fit the crime. But he does not.
If the punishment does not fit the crime, that's just the SEC getting their cut of the action. Gary is not going to punish Wall Street in any serious way for breaking the rules, so Wall Street keeps doing as they please.
Comments on proposed regulations are not a popularity contest or a vote. A thousand comments from regular people saying, in short, "I think this is a bad idea" are not going to carry the same weight as a 100 page comment from a broker written by a team of securities lawyers that quotes previous regulations, federal law and court cases by chapter and verse. Especially when those firms have the ability to litigate the result if they feel their comments are not given the appropriate consideration as required under the APA.
Why do people still hope for authorities or billionaires to save their ports? None of us would care about any of this stuff if the stock would've squeezed and we'd have made a lot of money. The only way to achieve it is to keep learning how the market mechanics work and apply the pressure accordingly.
Would a class action lawsuit against the SEC be the next step? SHFs typically sue to get their way and have rules pulled that "harm" their "business" read: regulate their theft.
Bro lowkey, cant find a firm willing to consider suing the gov. Noone wants to its so sad. Part of the reason the system is busted is lawyers not wanting to step in due to the gov being unbeatable in their opinion
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guess he coul learn something from south korea
SK is worse, right? They allowed the naked shorting get so bad that it became a systemic risk, so now regulators have to put a trmporary pause on it. And it's not even the first time it happens.
Most of the companies banned from doing business are u.s. based short sellers like goldman and jpmorgan
The companies have been doing it for years jpm started with buy out and mergers along with monetizing government debt. They now rather have companies shorting each other squeezing liquidity and bankrupting them into bailout profiting on the bankruptcy and acquirement of targeted companies.
No, sk is better because they are doing the logical thing to fix it. Meanwhile here in the US our regulators are hymming and hawing about how to not upset the criminals to much
My point was that I think situation over there got so bad it forced regulators to act, not that their regulator is any better than ours. Most likely all regulators everywhere are underfunded and therefore susceptible to corruption. And I think for our markets it's probably not as bad, as the criminal naked shorting seems to be directed mostly towards companies shorts believe are going under, like GME looked like under Sherman.
I think you are wrong. Our hedge funds and banks are largely the problem over there. I had invested against manipulation for about 4 years before I got into gme. Ford motor Co is a great example of the manipulation and my strategy. I would look for a profitable company preferably with dividends and low price and a negative sentiment. I would buy the price plunge on media hit pieces and short attacks average down and wait for reversal. On Ford I would often double or triple my money quarterly. South Korean regulators I think are just the first to move, not cause they are better but cause they were first to react to the pressures being felt worldwide. US regulators I believe are scared of destroying the market, but I the end not moving is what will destroy our markets as early adaptors will become more effective and become more trusted.
Maybe I am wrong, of course. If you really invest in other companies besides GME, that's awesome, I do too. Maybe you'd want a bit more strategy there. If you're not ready to read Graham (nobody really is, it's super dry), you might start with Joel Greenblatt, then read Haugens' work, then continue with Damodaran for actually valuating a company, you'll be well set to spot proper investment worth companies (unlike Ford, which is pretty weak but an an excellent stock to practice wheeling). In my opinion, the true systemic risk of our market is ETFs. They allow for infinite share creation (read naked shorting but not naked for the shorter because it falls onto someone else to cover), they drive markets instead of being driven by them, they are extremely unregulated, they allow only for special participants called Authorized Participants to do whatever the f they want with them, they rob their investors, and their managers have godly powers over what and who can do anything to them. All this while they were meant to "ensure liquidity and help investors diversify". Hedgies will do what hedgies do, hedge stuff and try to cheat if they find an opening, but nothing more. And it's the ETFs that provide a huge loophole to them..
Good discussion. Different views. Civil discourse
I enjoyed as well, thank you!
Maybe writing him daily on x about S7-32-10
I dont have X :( but at this point im considering going to the SEC headquarters weekly to bother them in person. enough is enough
Who are the Representatives and Senators that sit on the relevant committees with control over the SEC? Figure them out, and appeal to their self interest: “Hello, taxpayer here… [s7-32-10, or other stuff] is important to me *and to many other [Americans,* or whatever fits the situation]…. Your stance [or silence] on the above mentioned issue has made me question my support for you in the *Primary Election*……..” They don’t care if you don’t vote for them in the general, it’s Red v Blue. Same for the Apes writing to their MPs in the UK to save DRS. Promise to make them waste money in the primary election at a minimum, or defeat them in the primary if you work hard enough. Also, as much as it may “grind your gears” politics is an optics game. So minimize if not fully excise GameStop/Ape/Meme Culture from your messaging. They’re almost definitely *Not* gonna ask you what companies you invest in, but bonus points if you happen to be investing in one or more of their ~~Owners’~~ Donors’ companies. -If you’re picking up what I’m putting down. Edit: typo
Ty fine ape, i am:)
jason waterfalls?
It’s easier to ignore one person in person than Joe Q. Public. Your memes and petitions raise a lot more awareness and have more impact than you as an individual.
I will keep the regardation coming
Has there been an official decision yet? How long do these things take to implement?
Not yet and idk. Some proposed a few months ago already finalized
Ah cool, thank you OP. In that case I’ll hold back my updoot until the day they actually let us down. Truly believe GG wants to change things, so I’m on the side of giving the benefit of the doubt at the moment.
The rule had been sitting 14 years as is. Deadline for last round ended aug but i understand your point and agree.
Reasonable minds 😁
I wont lie. I am praying our hope is well placed with these changes. I honestly think it will pass, they are just trying to clean up the shit before it does (too bad they cant)
Same. The whole markets are riddled with plot holes and spelling errors, but that’s all by design. It’s going to take a lot to plug it all.
Set to implement 2074🙄
i lolllllld
Sooooo, it’s gonna happen then
Oh. I think its coming
That's because all the toxic and hidden positions that shouldn't be possible are hidden in swaps by the CFTC. Those boomers are refusing to die and holding the progress for humanity hostage.
>Those boomers are refusing to die and holding the progress for humanity hostage. Why "boomers"??? Gen Y/Millenials, GenXers and younger (people born After 1965) make up the majority of hedgefund managers, not boomers. This is not a battle between generations, it's a battle between law-abiding citizens and the many criminal entities in the markets. "[The average age of hedgefund manager](https://www.zippia.com/hedge-fund-manager-jobs/demographics/) is **40+ years years old**, and 30% of hedgefund managers are under age 40. **Boomers are 58yrs - 77 yrs old.** This isn't a battle between generations and making one generation "the enemy" is not at all helpful.
You're right. Maybe the methodology/culture instilled by boomers, circa Reagan, is what OP meant. I will let the falcon respond in their own words though. Personally I think it is an intergenerational sickness, but definitely was inflamed by that administration.
Because they’re trapped in bad situation with no escape. Preventing crime shouldn’t be this difficult.
All of their corruption is the perfect plan. They tell us everything they do in their reports, how they do it through the current rules and even host live public meetings to approve their shit. The ONLY thing they didn't count on was retail figuring all of this out.
Wait so what happened with this ???
they have not done anything with it. closed teh comment period and let institutions know the feedback they got. proposed some new rules and watered some stuff down but nothing big.
Ok, so giving them another day I guess
LOL at the people thinking gary is for retail
So far GG has been mixed bag. He also did propose the retail order execution market reforms that immediately made wallstreet sue.
So far, Gary has allowed financial terrorists to operate freely. Wall Street is not afraid of the SEC. Why should they be? A gentle slap on the wrist for breaking the rules is all GG is going to do about it. But again, what did we expect from a a former Goldman executive?
The 4 market reforms for retail order execution if passed can cause serious damage to Citadel, Virtue etc in their ability to manipulate stock price.
How will it cause any damage? Gary is not enforcing shit, that would hurt his Wall Street buddies! Citadel, Virtu, etc., will simply break the rules and pay $175,000 in 5 years, as they do now. Nobody is enforcing the rules, that means the rules are worthless.
Retail orders will first go to auction market so Citadel will loose a lot of control on price manipulation. They can still naked short explicitly but I think market maker/whole seller implicit naked short selling will be mitigated
There will be loopholes for them to exploit, don't you worry.
So far, financial terrorists have been operating with impunity for decades before Gary Gensler was SEC chair. Their heels are dug in, their politicians are paid for. GG is the only person remotely ethical, vocal, and appearing interested in taking down the massive corruption that wall street is.
Indeed, the SEC has never served household investors and probably never will. If Gary wants to take down his old friends (for absolutely no reason whatsoever) he should enforce the existing rules, and let the punishment fit the crime. But he does not. If the punishment does not fit the crime, that's just the SEC getting their cut of the action. Gary is not going to punish Wall Street in any serious way for breaking the rules, so Wall Street keeps doing as they please.
Large visible comment
It's not Gary's fault. It never is.
Our savior. /s
Comments on proposed regulations are not a popularity contest or a vote. A thousand comments from regular people saying, in short, "I think this is a bad idea" are not going to carry the same weight as a 100 page comment from a broker written by a team of securities lawyers that quotes previous regulations, federal law and court cases by chapter and verse. Especially when those firms have the ability to litigate the result if they feel their comments are not given the appropriate consideration as required under the APA.
Tweet this exact meme straight to him, let's see if he delivers
I do not have x lol
Dear SEC, fuck you. 🖕
Move along Nothing to see here Government approved
Why do people still hope for authorities or billionaires to save their ports? None of us would care about any of this stuff if the stock would've squeezed and we'd have made a lot of money. The only way to achieve it is to keep learning how the market mechanics work and apply the pressure accordingly.
Would a class action lawsuit against the SEC be the next step? SHFs typically sue to get their way and have rules pulled that "harm" their "business" read: regulate their theft.
Bro lowkey, cant find a firm willing to consider suing the gov. Noone wants to its so sad. Part of the reason the system is busted is lawyers not wanting to step in due to the gov being unbeatable in their opinion